Uber CEO To Take Leave, Diminished Role After Workplace Scandals (bloomberg.com)
Uber CEO Travis Kalanick will take a leave of absence from the world's most valuable privately held company, he announced in an email to employees Tuesday. From a report: Uber Chief Executive Officer Travis Kalanick told staff he plans to take a leave of absence, without disclosing a return date. The company will strip him of some duties and appoint an independent chair to limit his influence after a slew of scandals, according to an advance copy of a report prepared for the board. At a staff meeting Tuesday, the company will convey the results of a probe conducted by Eric Holder, the former U.S. attorney general who Uber hired to look into allegations of harassment, discrimination and an aggressive culture. The 47 recommendations include creating a board oversight committee, rewriting Uber's cultural values, reducing alcohol use at work events, and prohibiting intimate relationships between employees and their bosses. Uber's board met Sunday to review a detailed version of the report and voted unanimously to approve the recommendations. Afterward, the San Francisco-based company ousted Emil Michael, Uber's head of business.
As usual, Slashdot readers will reject that there could be harassment or discrimination against women in the workplace. The male-dominated crowd on this site will spin it as somehow being the result of quotas leading to the hiring of unqualified female engineers. It's a predictable response and one that comes out in every story about discrimination and harassment, regardless of the circumstances and the strength of the evidence to support the claims. I'm not sure why these stories get posted any longer because the response is so predictable, just like a broken record.
The 47 recommendations include creating a board oversight committee, rewriting Uber's cultural values, reducing alcohol use at work events, and prohibiting intimate relationships between employees and their bosses.
Time to end being a startup and grow up into a Fortune 500 company. Everyone will attend sensitivity training until that happens.
Uber CEO Travis Kalanick will take a leave of absence from the world's most valuable privately held company
It is HIGHLY unlikely that any reasonable valuation of Uber exceeds that of Saudi Aramco which is the actual most valuable private company in the world.
Given that Uber lost something like $2.8 Billion last year, proclaiming it the most valuable private company in the world is just plain idiotic.